LTC’s bear flag on the 4-hour chart—is this still a fake breakdown?
$LTC /USDT - SHORT
Trading Plan:
Entry: 51.34 – 51.68
SL: 53.10
TP1: 50.32
TP2: 49.53
TP3: 48.34
Why watch this structure?
- Current price is 51.51, with a SHORT signal on the 4-hour timeframe, but the 1D trend is still ranging, indicating this is not a one-way market.
- The 15-minute RSI is 44.08, showing short-term weakness but not oversold conditions, so there is still room to the downside.
- Key levels: A break below 51.34 targets TP1 at 50.32, with a further breakdown accelerating the move to TP2 at 49.53; the 5